Oil and Gas

Côte d'Ivoire: Drilling on the Aigle prospect prior to end 2015 on the CI-508 offshore licence

Wednesday, 21 October 2015 09:09

(Ecofin Agency) - The drilling on the Aigle prospect, in the CI-508 licence containing total crude prospective resources of 300 million barrels oil equivalent in the Côte d'Ivoire offshore, will start closer to end 2015.

Genel Energy Plc, oil company listed in London, owning 24% of this licence, announced this schedule, on 20th October, in an update on its activities.

The well will focus on an important oil potential located in the Cretaceous reservoirs and will be completed in 50 days, the British oil and gas specified. The oil company is estimating a future approximate net cost of USD 10 million which should be paid, for the most part, during 2016.

Genel Energy Plc has a solid worldwide portfolio in which are many assets in Africa, particularly Angola, Somaliland and Ethiopia.

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